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Several said inflation risk could be to the downside
and this is why I won’t expect the Fed to start unwinding in Sept
Reuters interview with Cleveland Fed Mester
Does not feel weak inflation should delay hikes
Feels the economy remains on track for steady growth and rising wages“I am not there yet. I still think we need to start bringing back some of the accommodation,”
wages increases are not keeping up with rent hikes
this is why delinquencies are starting to tick back up, specially in the auto
There’s a section of the auto-loan market — known in industry parlance as deep subprime — where delinquency rates have ticked up to levels last seen in 2007, according to data compiled by credit reporting bureau Equifax.
US aggregate household debt balances increased for the 12th consecutive quarter in Q2 to $12.84 trillion, a $114 billion (0.9%) increase from Q1, according to The Federal Reserve Bank of New York. Household debt is now 15.1% above what it was just four years ago.
…the Fed is on path to backdoor the United States into a recession
[size=5]The USA $$$ is great again & solid, even with massive DEBT .. FOMC is doing a difficult “balancing act” as things can easily fall apart on a major geopolitcal, storm, or economic event. Still, I’m glad to be making some great 401k $$$ — during what I think are difficult & tense times…. Economic outlooks are promising & FED is offering carefully TIMED moves so as not to hurt MAIN STREET.
P.S. Actually, FOMC is looking out for for “main street folks” better than most other branches of GOVT currently :)[/size]
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